Treatt PLC Notification of Transactions of Directors (0435X)
December 15 2023 - 10:42AM
UK Regulatory
TIDMTET
RNS Number : 0435X
Treatt PLC
15 December 2023
15 December 2023
TREATT PLC
("Treatt" or "the Company")
Notification of Transactions of Directors
Treatt announces that on 13 December 2023, awards under the
Treatt Plc Deferred Bonus Share Plan ('DBSP'), Long Term Incentive
Plan ('LTIP') and the Share Incentive Plan ('SIP') were made to
certain Directors, as detailed below.
Awards in the form of nil-cost options over the Company's
ordinary shares of 2 pence each were granted under the DBSP by the
Remuneration Committee to the Executive Directors of the Company.
The awards were granted in respect of bonuses earned for the
financial year ended 30 September 2023 and will vest on the second
anniversary of the grant date.
The LTIP awarded to Ryan Govender is subject to performance
criteria based upon average compound annual growth in adjusted
basic earnings per share (80% weighting) and average return on
average capital employed (20% weighting). The awards, or a
proportion of them, only vest if the performance criteria is
satisfied at the date on which vesting occurs, at three years and
is subject to a further two-year holding period.
Additionally, Ryan Govender has acquired Free Shares and
Matching Shares consistent with awards made to all UK employees
under the SIP, which awarded GBP700 of Free Shares to eligible
employees. Matching Shares are only awarded to those that have
purchased Partnership Shares and are awarded on a 1:1.5 basis. The
Free Shares and Matching Shares are subject to forfeiture for a
period of three years from the date of grant in the event of
termination of employment, except in circumstances where the
employee is regarded as a good leaver, in accordance with the terms
of the SIP.
1 Details of the Director
a) Name Daemmon Reeve
------------------------------------------------------------------------ ----------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------
a) Position/status CEO
------------------------------------------------------------------------ ----------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------------------------------------ ----------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------------
a) Name Treatt Plc
------------------------------------------------------------------------ ----------------------------------
b) LEI 213800G40JM9F7G9LG39
------------------------------------------------------------------------ ----------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument Ordinary share of 2 pence each
Identification code
GB00BKS7YK08
------------------------------------------------------------------------ ----------------------------------
b) Nature of transaction Award of 2023 DBSP
------------------------------------------------------------------------ ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------------------------------------ ----------------- ---------------
GBP4.11 11,086
----------------------------------------------------------------------------------------------- ---------------
Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
------------------------------------------------------------------------ ---------------------------------------
e) Date of the transaction 13 December 2023
------------------------------------------------------------------------ ----------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------------------------ ----------------------------------
1 Details of the Director
a) Name Ryan Govender
------------------------------------------------------------------- -------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status CFO
------------------------------------------------------------------- -------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------------------------------------------------
a) Name Treatt Plc
------------------------------------------------------------------- -------------------------------------------
b) LEI 213800G40JM9F7G9LG39
------------------------------------------------------------------- -------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument Ordinary share of 2 pence each
Identification code
GB00BKS7YK08
------------------------------------------------------------------- -------------------------------------------
b) Nature of transaction a) Award of DBSP
b) Award of LTIP
c) Award of Free Shares
d) Purchase of Partnership Shares
e) Award of Matching Shares
------------------------------------------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------------------------------- ----------------------- ------------------
a) GBP4.11 98,540
b) GBP4.11 5,979
c) GBP4.11 170
d) GBP4.11 439
e) GBP4.11 658
------------------------------------------------------------------------------------------------ ------------------
Aggregated information
- Aggregated volume 105,786
- Price GBP4.11
------------------------------------------------------------------- ------------------------------------------------
e) Date of the transaction 13 December 2023
------------------------------------------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------------------- -------------------------------------------
Contact details
Vanessa Myatt
Deputy Company Secretary
+ 44 1284 702500
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END
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